Benefits of Hydrogen Fuel

Renewable Hydrogen: the Clean Fuel of the Future

Hydrogen is one of the most common elements in our environment. Being able to be used in a wide variety of applications, renewable hydrogen is truly the fuel of the future in the ongoing quest by governments worldwide to decarbonise industries.

Hydrogen Fuel Cells to Transform the Transport Industry

Hydrogen fuel cell technology is advancing at such a rate that it is expected to become a leading alternative for personal and commercial transportation in the near future. Emissions-free vehicles are entering the market at an affordable price and with higher performance. A comprehensive refuelling network in Australia is being built to drive this transition to hydrogen fuel cars.

Benefits of Hydrogen Vehicles:

Due to chemical reactions creating power, hydrogen vehicles can go for twice as long as battery-powered vehicles.
Electric batteries are too large for industrial vehicle or aviation use — hydrogen overcomes these challenges. This means we can now have hydrogen powered aircrafts and decarbonise the aerospace industry.
The United States had over 30,000 fuel cell powered forklifts operating in 2019, while it is projected that 100,000 hydrogen powered vehicles will be in use by 2030.

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The New Diesel

Due to technological advancements, hydrogen has the potential to take over from diesel as the preferred fuel for electricity generators, and for good reason. It’s easily transportable, inexpensive to produce and green. It provides stable electricity, is quick to produce, easy to use and delivers high-capacity energy. Sectors expected to transition from diesel to hydrogen generators are construction sites, hospitals and remote communities.

Benefits of Hydrogen as the New Diesel:

Diesel provides power for 41% of transport and electricity generation in Australian mining. This creates an area of significant growth for hydrogen as industries move to emissions-free fuels.
Hydrogen is being touted as the new diesel, with the Australian Commonwealth’s National Strategy saying it will be a commercially viable renewable energy source by 2025.
Implementing hydrogen power will mean off-grid electricity systems can be turned into cutting edge renewable energy generators. Hydrogen is expected to take over other non-renewable electricity generation in the long term.

Decarbonising The Global Economy

There has been a commitment from many governments worldwide to achieve net zero emissions in the medium term. In support of this, hydrogen fuel is viewed as a strong energy source. Hydrogen generators are expected to drive Australia’s transition from high emissions electricity to clean, renewable forms in the coming years.

Benefits of Hydrogen Energy for Decarbonisation:

Underpinning Renewable Energy Sources

Unlike major renewable energy sources, hydrogen is not dependent on weather cycles or elements that are beyond a user’s control.

Hydrogen generated electricity can be stored to stabilise energy from other renewable sources and optimise their use. Countless green hydrogen companies are making this a reality through increased capabilities funded by both private and government investment.

The Benefits of Hydrogen Power Plants Are Underpinning Other Renewables:

KPMG predicts that by 2050 hydrogen technology will reduce electricity costs to AU$27 per MWh in many locations.
Currently, hydrogen electricity generation systems can compete on a cost basis with diesel-solar and solar-battery hybrid systems.
Hydrogen can be used to power seasonal storage, demand response, and a number of other applications.